A real estate client is seeking a valuation for an industrial facility.
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A real estate client owns a large portfolio of industrial warehouses located throughout the Midwest. The company has reached out to Deloitte to create an opinion of value on a property in their portfolio.
The subject property is a 45,000 square foot industrial facility located in a mid-sized town. It is directly off of Interstate 90, which provides for easy access to the Chicagoland region. It was built in 2016 and is 100% occupied by a single tenant. Their lease terms end in 2031. The client is unsure of the property value and requires assistance from Deloitte.